Capitalism didn't fail, the idiots who bought homes they couldn't afford did. You can trace that back to whoever wrote those laws for people to be able to buy a $400k home on a $35k a year job, but it's the idiots who put pen to paper who took the bait.]
You are EXACTLY correct. People tried to pay for things such as houses when they knew they couldn't pay for it. Clinton forced the banks to lend them the money and it started the whole sha-bang of bail outs
There were roughly only $20 billion in toxic real estate assets from home owner's mortgages. Would you please tell me how this equates to a 20+ trillion $ bail out? Ohh you didn't know? Yes the bailout wasn't for $700 Billion. $700 billion is the revolving line of credit the Federal Reserve can hand out to any bank, corporation, foreign nation, or whoever they deem necessary at any time. The collapse of this country had NOTHING to do with people buying houses they couldn't afford. It had everything to do with power brokers & bankers setting up a ponzi scheme to consolidate wealth in this country. Try educating yourself before you open your big fat stinking pie hole & a bunch of shit pours out.